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(European) QE vs. Gold

renman95renman95 Posts: 7,037 ✭✭✭✭✭
in Precious Metals
In January the ECB announced an open-ended 60B-Euro/month bond buying program. Will the QE infused Eurozone enjoy the same performance the US Markets have since 2009?

IEV: ETF of the Euro 350 @ 45.29
Gold @ $1,213.10

Which will be higher by September 2016*: QE or Gold?

*First timeline benchmark set by the ECB.

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    It seems (to me) that most here understand the markets far better than I do - and I am sure I will be surprised by whatever happens. However, looking at the economic picture as a whole, it would appear that gold is due for an upward run....JMHO...Cheers, RickO
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Euro falls below $1.10 for first time since 2003. $1.1 TRILL of ECB quantitative easing? How now brown cow?

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    european QE should create higher gold prices when measured in euros. Does not necessarily raise gold price in dollars.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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